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Yahoo BusinessOct 19, 2019
Goldman Banker Arrested Over Insider Trading Allegations
(Bloomberg) -- A Goldman Sachs Group Inc. investment banker was arrested by federal prosecutors over allegations of insider trading, according to court records unsealed on Friday.Bryan Cohen, a vice president, leaked nonpublic information for almost three years in exchange for cash as part of an international insider trading scheme that led to $2.6 million in illicit gains, according to a separate complaint from the U.S. Securities and Exchange Commission that didn't identify his employer. Some information was tied to pending deals involving Syngenta AG and Buffalo Wild Wings Inc., the documents show. A Goldman spokeswoman confirmed Cohen was an investment banker who worked in the consumer retail division. The bank was unaware of the allegations until Cohen was arrested on Friday. He has since been placed on leave."We are cooperating with the authorities on the situation regarding Mr. Cohen," Nicole Sharp, a representative for the firm, said in an emailed statement. "Protecting client confidential information is our highest internal priority and we condemn this alleged behavior."An attorney for Cohen didn't immediately respond to a request for comment.The accusations are the third insider-trading allegations lodged by U.S. prosecutors against a Goldman banker in the past 18 months.Cohen, 33, shared the information with a trader who hasn't been identified, and who subsequently passed it on to George Nikas, who realized the gains, according to the SEC complaint. Nikas, a 54-year-old New York restaurateur who owns the

Reuters BusinessOct 19, 2019
China's central banker says yuan level 'appropriate', trade tensions risk to global economy
China's top central banker said on Saturday that potential escalation of trade tensions and policy uncertainty were the major risk factors facing the world economy, and market forces were keeping China's yuan at an appropriate level.

Reuters Company NewsOct 19, 2019
UPDATE 1-Goldman Sachs investment banker charged in insider trading scheme
A Goldman Sachs Group Inc investment banker has been released on bond and placed on leave by the firm after allegedly being involved in an insider trading scheme.

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Goldman Sachs investment banker charged in insider trading scheme - Reuters (Google Market News)

Wall Street Journal US BusinessOct 19, 2019
Officials View Trade Uncertainty as Biggest Global Economic Risk
Finance ministers and central bankers who were at the IMF's fall meetings said the biggest risks to the global economy are trade-related uncertainties and divisions among nations over how to reduce them.
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